Principles of auditors and audit process conclusion
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The fundamental reason for the failure was the misconduct of the audit firm which was Ernst & Young and the work of the board in conjunction with the auditors. The similarities between the collapse of Enron and the collapse of Lehman Brothers could be seen in the areas of audit risk and auditors giving incorrect audit reports.
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The fundamental reason for the failure was the misconduct of the audit firm which was Ernst & Young and the work of the board in conjunction with the auditors. The similarities between the collapse of Enron and the collapse of Lehman Brothers could be seen in the areas of audit risk and auditors giving incorrect audit reports.
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